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SUBSIDIARY GUARANTOR FINANCIAL INFORMATION | 6 Months Ended
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Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | SUBSIDIARY GUARANTOR FINANCIAL INFORMATION The senior secured notes are guaranteed by the following wholly-owned subsidiaries of the Company: Titan Tire Corporation, Titan Tire Corporation of Bryan, Titan Tire Corporation of Freeport, and Titan Wheel Corporation of Illinois. The note guarantees are full and unconditional, joint and several obligations of the guarantors. The guarantees of the guarantor subsidiaries are subject to release in limited circumstances only upon the occurrence of certain customary conditions. See the indenture governing the senior secured notes incorporated by reference to the 2019 Form 10-K for additional information. The following condensed consolidating financial statements are presented using the equity method of accounting. Certain sales and marketing expenses recorded by non-guarantor subsidiaries have not been allocated to the guarantor subsidiaries.
(Amounts in thousands) | Condensed Consolidating Statements of Operations For the Three Months Ended June 30, 2020
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 126,992 |  |  | $ | 286,874 |  |  | $ | (127,733 | ) |  | $ | 286,133 |
Cost of sales | 156 |  |  | 113,292 |  |  | 269,544 |  |  | (127,733 | ) |  | 255,259 |
Asset impairment | 1,007 |  |  | — |  |  | — |  |  | — |  |  | 1,007 |
Gross (loss) profit | (1,163 | ) |  | 13,700 |  |  | 17,330 |  |  | — |  |  | 29,867 |
Selling, general and administrative expenses | 5,698 |  |  | 2,178 |  |  | 20,565 |  |  | — |  |  | 28,441 |
Research and development expenses | 214 |  |  | 761 |  |  | 1,157 |  |  | — |  |  | 2,132 |
Royalty expense | 927 |  |  | 774 |  |  | 694 |  |  | — |  |  | 2,395 |
(Loss) income from operations | (8,002 | ) |  | 9,987 |  |  | (5,086 | ) |  | — |  |  | (3,101 | )
Interest expense | (7,103 | ) |  | (9 | ) |  | (896 | ) |  | — |  |  | (8,008 | )
Intercompany interest income (expense) | 529 |  |  | 528 |  |  | (1,057 | ) |  | — |  |  | — |
Foreign exchange loss | — |  |  | (136 | ) |  | 8,972 |  |  | — |  |  | 8,836 |
Other income (expense) | 395 |  |  | (111 | ) |  | (674 | ) |  | — |  |  | (390 | )
(Loss) income before income taxes | (14,181 | ) |  | 10,259 |  |  | 1,259 |  |  | — |  |  | (2,663 | )
Provision for income taxes | (1,447 | ) |  | 79 |  |  | 3,348 |  |  | — |  |  | 1,980 |
Equity in earnings of subsidiaries | 8,091 |  |  | — |  |  | 6,557 |  |  | (14,648 | ) |  | — |
Net (loss) income | (4,643 | ) |  | 10,180 |  |  | 4,468 |  |  | (14,648 | ) |  | (4,643 | )
Net loss attributable to noncontrolling interests | — |  |  | — |  |  | 402 |  |  | — |  |  | 402 |
Net (loss) income attributable to Titan | $ | (4,643 | ) |  | $ | 10,180 |  |  | $ | 4,066 |  |  | $ | (14,648 | ) |  | $ | (5,045 | )
(Amounts in thousands) | Condensed Consolidating Statements of Operations For the Three Months Ended June 30, 2019
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 111,162 |  |  | $ | 391,301 |  |  | $ | (111,866 | ) |  | $ | 390,597 |
Cost of sales | (11 | ) |  | 99,275 |  |  | 364,891 |  |  | (111,866 | ) |  | 352,289 |
Gross profit | 11 |  |  | 11,887 |  |  | 26,410 |  |  | — |  |  | 38,308 |
Selling, general and administrative expenses | 2,030 |  |  | 11,596 |  |  | 22,120 |  |  | — |  |  | 35,746 |
Research and development expenses | 228 |  |  | 756 |  |  | 1,560 |  |  | — |  |  | 2,544 |
Royalty expense | 401 |  |  | 1,073 |  |  | 974 |  |  | — |  |  | 2,448 |
(Loss) income from operations | (2,648 | ) |  | (1,538 | ) |  | 1,756 |  |  | — |  |  | (2,430 | )
Interest expense | (7,243 | ) |  | — |  |  | (1,052 | ) |  | — |  |  | (8,295 | )
Intercompany interest income (expense) | 644 |  |  | 880 |  |  | (1,524 | ) |  | — |  |  | — |
Foreign exchange (loss) gain | 16 |  |  | 55 |  |  | (1,310 | ) |  | — |  |  | (1,239 | )
Other income (expense) | 612 |  |  | (798 | ) |  | 2,255 |  |  | — |  |  | 2,069 |
(Loss) income before income taxes | (8,619 | ) |  | (1,401 | ) |  | 125 |  |  | — |  |  | (9,895 | )
Provision for income taxes | (7,676 | ) |  | 132 |  |  | 4,326 |  |  | — |  |  | (3,218 | )
Equity in earnings of subsidiaries | (5,734 | ) |  | — |  |  | (205 | ) |  | 5,939 |  |  | — |
Net income (loss) | (6,677 | ) |  | (1,533 | ) |  | (4,406 | ) |  | 5,939 |  |  | (6,677 | )
Net loss attributable to noncontrolling interests | — |  |  | — |  |  | (253 | ) |  | — |  |  | (253 | )
Net income (loss) attributable to Titan | $ | (6,677 | ) |  | $ | (1,533 | ) |  | $ | (4,153 | ) |  | $ | 5,939 |  |  | $ | (6,424 | )
(Amounts in thousands) | Condensed Consolidating Statements of Operations For the Six Months Ended June 30, 2020
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 286,960 |  |  | $ | 628,560 |  |  | $ | (287,887 | ) |  | $ | 627,633 |
Cost of sales | 322 |  |  | 258,842 |  |  | 595,659 |  |  | (287,887 | ) |  | 566,936 |
Asset impairment | 1,007 |  |  | — |  |  | 2,579 |  |  | — |  |  | 3,586 |
Gross (loss) profit | (1,329 | ) |  | 28,118 |  |  | 30,322 |  |  | — |  |  | 57,111 |
Selling, general and administrative expenses | 11,339 |  |  | 4,144 |  |  | 44,915 |  |  | — |  |  | 60,398 |
Research and development expenses | 454 |  |  | 1,470 |  |  | 2,618 |  |  | — |  |  | 4,542 |
Royalty expense | 1,493 |  |  | 1,839 |  |  | 1,543 |  |  | — |  |  | 4,875 |
(Loss) income from operations | (14,615 | ) |  | 20,665 |  |  | (18,754 | ) |  | — |  |  | (12,704 | )
Interest expense | (14,264 | ) |  | (15 | ) |  | (1,764 | ) |  | — |  |  | (16,043 | )
Intercompany interest income (expense) | 1,060 |  |  | 1,179 |  |  | (2,239 | ) |  | — |  |  | — |
Foreign exchange loss | — |  |  | (882 | ) |  | (7,524 | ) |  | — |  |  | (8,406 | )
Other income (expense) | 1,017 |  |  | (261 | ) |  | 6,290 |  |  | — |  |  | 7,046 |
(Loss) income before income taxes | (26,802 | ) |  | 20,686 |  |  | (23,991 | ) |  | — |  |  | (30,107 | )
Provision for income taxes | (1,912 | ) |  | 177 |  |  | 3,770 |  |  | — |  |  | 2,035 |
Equity in earnings of subsidiaries | (7,252 | ) |  | — |  |  | 14,070 |  |  | (6,818 | ) |  | — |
Net (loss) income | (32,142 | ) |  | 20,509 |  |  | (13,691 | ) |  | (6,818 | ) |  | (32,142 | )
Net loss attributable to noncontrolling interests | — |  |  | — |  |  | (1,611 | ) |  | — |  |  | (1,611 | )
Net (loss) income attributable to Titan | $ | (32,142 | ) |  | $ | 20,509 |  |  | $ | (12,080 | ) |  | $ | (6,818 | ) |  | $ | (30,531 | )
(Amounts in thousands) | Condensed Consolidating Statements of Operations For the Six Months Ended June 30, 2019
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 235,943 |  |  | $ | 801,576 |  |  | $ | (236,548 | ) |  | $ | 800,971 |
Cost of sales | 141 |  |  | 205,791 |  |  | 748,015 |  |  | (236,548 | ) |  | 717,399 |
Gross (loss) profit | (141 | ) |  | 30,152 |  |  | 53,561 |  |  | — |  |  | 83,572 |
Selling, general and administrative expenses | 3,181 |  |  | 23,204 |  |  | 45,266 |  |  | — |  |  | 71,651 |
Research and development expenses | 492 |  |  | 1,585 |  |  | 3,084 |  |  | — |  |  | 5,161 |
Royalty expense | 1,064 |  |  | 2,145 |  |  | 1,845 |  |  | — |  |  | 5,054 |
(Loss) income from operations | (4,878 | ) |  | 3,218 |  |  | 3,366 |  |  | — |  |  | 1,706 |
Interest expense | (14,170 | ) |  | — |  |  | (2,058 | ) |  | — |  |  | (16,228 | )
Intercompany interest income (expense) | 1,274 |  |  | 1,890 |  |  | (3,164 | ) |  | — |  |  | — |
Foreign exchange loss | (22 | ) |  | (4 | ) |  | 4,510 |  |  | — |  |  | 4,484 |
Other income (expense) | 943 |  |  | (1,077 | ) |  | 3,199 |  |  | — |  |  | 3,065 |
(Loss) income before income taxes | (16,853 | ) |  | 4,027 |  |  | 5,853 |  |  | — |  |  | (6,973 | )
Provision for income taxes | (7,026 | ) |  | 283 |  |  | 5,440 |  |  | — |  |  | (1,303 | )
Equity in earnings of subsidiaries | 4,157 |  |  | — |  |  | 531 |  |  | (4,688 | ) |  | — |
Net (loss) income | (5,670 | ) |  | 3,744 |  |  | 944 |  |  | (4,688 | ) |  | (5,670 | )
Net loss attributable to noncontrolling interests | — |  |  | — |  |  | (1,224 | ) |  | — |  |  | (1,224 | )
Net (loss) income attributable to Titan | $ | (5,670 | ) |  | $ | 3,744 |  |  | $ | 2,168 |  |  | $ | (4,688 | ) |  | $ | (4,446 | )
(Amounts in thousands) | Condensed Consolidating Statements of Comprehensive Loss For the Three Months Ended June 30, 2020
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net (loss) income | $ | (4,643 | ) |  | $ | 10,180 |  |  | $ | 4,468 |  |  | $ | (14,648 | ) |  | $ | (4,643 | )
Derivative loss | (198 | ) |  | — |  |  | (198 | ) |  | 198 |  |  | (198 | )
Currency translation adjustment | 1,014 |  |  | — |  |  | 1,014 |  |  | (1,014 | ) |  | 1,014 |
Pension liability adjustments, net of tax | 40 |  |  | 667 |  |  | (627 | ) |  | (40 | ) |  | 40 |
Comprehensive (loss) income | (3,787 | ) |  | 10,847 |  |  | 4,657 |  |  | (15,504 | ) |  | (3,787 | )
Net comprehensive loss attributable to redeemable and noncontrolling interests | — |  |  | — |  |  | 893 |  |  | — |  |  | 893 |
Comprehensive (loss) income attributable to Titan | $ | (3,787 | ) |  | $ | 10,847 |  |  | $ | 3,764 |  |  | $ | (15,504 | ) |  | $ | (4,680 | )
(Amounts in thousands) | Condensed Consolidating Statements of Comprehensive Loss For the Three Months Ended June 30, 2019
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) | $ | (6,677 | ) |  | $ | (1,533 | ) |  | $ | (4,406 | ) |  | $ | 5,939 |  |  | $ | (6,677 | )
Currency translation adjustment | 5,423 |  |  | — |  |  | 5,423 |  |  | (5,423 | ) |  | 5,423 |
Pension liability adjustments, net of tax | 538 |  |  | 753 |  |  | (215 | ) |  | (538 | ) |  | 538 |
Comprehensive (loss) income | (716 | ) |  | (780 | ) |  | 802 |  |  | (22 | ) |  | (716 | )
Net comprehensive loss attributable to redeemable and noncontrolling interests | — |  |  | — |  |  | 385 |  |  | — |  |  | 385 |
Comprehensive (loss) income attributable to Titan | $ | (716 | ) |  | $ | (780 | ) |  | $ | 417 |  |  | $ | (22 | ) |  | $ | (1,101 | )
(Amounts in thousands) | Condensed Consolidating Statements of Comprehensive Loss For the Six Months Ended June 30, 2020
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) | $ | (32,142 | ) |  | $ | 20,509 |  |  | $ | (13,691 | ) |  | $ | (6,818 | ) |  | $ | (32,142 | )
Derivative loss | (198 | ) |  | — |  |  | (198 | ) |  | 198 |  |  | (198 | )
Currency translation adjustment | (32,772 | ) |  | — |  |  | (32,772 | ) |  | 32,772 |  |  | (32,772 | )
Pension liability adjustments, net of tax | 1,348 |  |  | 1,334 |  |  | 14 |  |  | (1,348 | ) |  | 1,348 |
Comprehensive (loss) income | (63,764 | ) |  | 21,843 |  |  | (46,647 | ) |  | 24,804 |  |  | (63,764 | )
Net comprehensive loss attributable to redeemable and noncontrolling interests | — |  |  | — |  |  | (2,902 | ) |  | — |  |  | (2,902 | )
Comprehensive (loss) income attributable to Titan | $ | (63,764 | ) |  | $ | 21,843 |  |  | $ | (43,745 | ) |  | $ | 24,804 |  |  | $ | (60,862 | )
(Amounts in thousands) | Condensed Consolidating Statements of Comprehensive Loss For the Six Months Ended June 30, 2019
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) | $ | (5,670 | ) |  | $ | 3,744 |  |  | $ | 944 |  |  | $ | (4,688 | ) |  | $ | (5,670 | )
Currency translation adjustment | 1,044 |  |  | — |  |  | 1,044 |  |  | (1,044 | ) |  | 1,044 |
Pension liability adjustments, net of tax | 1,004 |  |  | 1,506 |  |  | (502 | ) |  | (1,004 | ) |  | 1,004 |
Comprehensive (loss) income | (3,622 | ) |  | 5,250 |  |  | 1,486 |  |  | (6,736 | ) |  | (3,622 | )
Net comprehensive loss attributable to redeemable and noncontrolling interests | — |  |  | — |  |  | 317 |  |  | — |  |  | 317 |
Comprehensive (loss) income attributable to Titan | $ | (3,622 | ) |  | $ | 5,250 |  |  | $ | 1,169 |  |  | $ | (6,736 | ) |  | $ | (3,939 | )
(Amounts in thousands) | Condensed Consolidating Balance Sheets June 30, 2020
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 911 |  |  | $ | 4 |  |  | $ | 79,245 |  |  | $ | — |  |  | $ | 80,160 |
Accounts receivable, net | — |  |  | — |  |  | 192,410 |  |  | — |  |  | 192,410 |
Inventories | (1,007 | ) |  | 30,040 |  |  | 265,504 |  |  | — |  |  | 294,537 |
Prepaid and other current assets | 3,247 |  |  | 16,724 |  |  | 54,123 |  |  | — |  |  | 74,094 |
Total current assets | 3,151 |  |  | 46,768 |  |  | 591,282 |  |  | — |  |  | 641,201 |
Property, plant and equipment, net | 9,675 |  |  | 86,733 |  |  | 241,238 |  |  | — |  |  | 337,646 |
Investment in subsidiaries | 727,559 |  |  | — |  |  | 76,936 |  |  | (804,495 | ) |  | — |
Other assets | 2,015 |  |  | 4,863 |  |  | 45,569 |  |  | — |  |  | 52,447 |
Total assets | $ | 742,400 |  |  | $ | 138,364 |  |  | $ | 955,025 |  |  | $ | (804,495 | ) |  | $ | 1,031,294 |
Liabilities and Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term debt | $ | 617 |  |  | $ | 174 |  |  | $ | 39,993 |  |  | $ | — |  |  | $ | 40,784 |
Accounts payable | 2,044 |  |  | 20,995 |  |  | 113,763 |  |  | — |  |  | 136,802 |
Other current liabilities | 24,387 |  |  | 21,226 |  |  | 75,372 |  |  | — |  |  | 120,985 |
Total current liabilities | 27,048 |  |  | 42,395 |  |  | 229,128 |  |  | — |  |  | 298,571 |
Long-term debt | 425,576 |  |  | 384 |  |  | 36,280 |  |  | — |  |  | 462,240 |
Other long-term liabilities | 1,453 |  |  | 14,583 |  |  | 52,790 |  |  | — |  |  | 68,826 |
Intercompany accounts | 71,986 |  |  | (441,171 | ) |  | 369,185 |  |  | — |  |  | — |
Redeemable noncontrolling interest | — |  |  | — |  |  | 25,000 |  |  | — |  |  | 25,000 |
Titan shareholders' equity | 216,337 |  |  | 522,173 |  |  | 241,358 |  |  | (804,495 | ) |  | 175,373 |
Noncontrolling interests | — |  |  | — |  |  | 1,284 |  |  | — |  |  | 1,284 |
Total liabilities and equity | $ | 742,400 |  |  | $ | 138,364 |  |  | $ | 955,025 |  |  | $ | (804,495 | ) |  | $ | 1,031,294 |
(Amounts in thousands) | Condensed Consolidating Balance Sheets December 31, 2019
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 2,843 |  |  | $ | 4 |  |  | $ | 63,952 |  |  | $ | — |  |  | $ | 66,799 |
Accounts receivable, net | — |  |  | 2 |  |  | 185,236 |  |  | — |  |  | 185,238 |
Inventories | — |  |  | 41,088 |  |  | 292,268 |  |  | — |  |  | 333,356 |
Prepaid and other current assets | 3,217 |  |  | 17,352 |  |  | 38,300 |  |  | — |  |  | 58,869 |
Total current assets | 6,060 |  |  | 58,446 |  |  | 579,756 |  |  | — |  |  | 644,262 |
Property, plant and equipment, net | 10,646 |  |  | 91,734 |  |  | 272,418 |  |  | — |  |  | 374,798 |
Investment in subsidiaries | 763,336 |  |  | — |  |  | 61,019 |  |  | (824,355 | ) |  | — |
Other assets | 3,405 |  |  | 4,211 |  |  | 87,631 |  |  | — |  |  | 95,247 |
Total assets | $ | 783,447 |  |  | $ | 154,391 |  |  | $ | 1,000,824 |  |  | $ | (824,355 | ) |  | $ | 1,114,307 |
Liabilities and Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term debt | $ | 514 |  |  | $ | 69 |  |  | $ | 60,670 |  |  | $ | — |  |  | $ | 61,253 |
Accounts payable | 4,951 |  |  | 18,455 |  |  | 135,241 |  |  | — |  |  | 158,647 |
Other current liabilities | 20,912 |  |  | 17,941 |  |  | 68,400 |  |  | — |  |  | 107,253 |
Total current liabilities | 26,377 |  |  | 36,465 |  |  | 264,311 |  |  | — |  |  | 327,153 |
Long-term debt | 433,242 |  |  | 201 |  |  | 9,906 |  |  | — |  |  | 443,349 |
Other long-term liabilities | 5,211 |  |  | 15,242 |  |  | 59,364 |  |  | — |  |  | 79,817 |
Intercompany accounts | 42,798 |  |  | (397,847 | ) |  | 355,049 |  |  | — |  |  | — |
Redeemable noncontrolling interest | — |  |  | — |  |  | 25,000 |  |  | — |  |  | 25,000 |
Titan shareholders' equity | 275,819 |  |  | 500,330 |  |  | 283,057 |  |  | (824,355 | ) |  | 234,851 |
Noncontrolling interests | — |  |  | — |  |  | 4,137 |  |  | — |  |  | 4,137 |
Total liabilities and equity | $ | 783,447 |  |  | $ | 154,391 |  |  | $ | 1,000,824 |  |  | $ | (824,355 | ) |  | $ | 1,114,307 |
(Amounts in thousands) | Condensed Consolidating Statements of Cash Flows For the Six Months Ended June 30, 2020
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated
Net cash provided by (used for) operating activities | $ | 6,494 |  |  | $ | 2,112 |  |  | $ | (3,105 | ) |  | $ | 5,501 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (2,400 | ) |  | (6,002 | ) |  | (8,402 | )
Sale of Wheels India Limited shares | — |  |  | — |  |  | 15,722 |  |  | 15,722 |
Insurance proceeds | — |  |  | — |  |  | 4,936 |  |  | 4,936 |
Other, net | 191 |  |  | — |  |  | (549 | ) |  | (358 | )
Net cash (used for) provided by investing activities | 191 |  |  | (2,400 | ) |  | 14,107 |  |  | 11,898 |
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings | 31,264 |  |  | 333 |  |  | 45,201 |  |  | 76,798 |
Payment on debt | (39,278 | ) |  | (45 | ) |  | (34,688 | ) |  | (74,011 | )
Dividends paid | (603 | ) |  | — |  |  | — |  |  | (603 | )
Other financing activities | — |  |  | — |  |  | 608 |  |  | 608 |
Net cash (used for) provided by financing activities | (8,617 | ) |  | 288 |  |  | 11,121 |  |  | 2,792 |
Effect of exchange rate change on cash | — |  |  | — |  |  | (6,830 | ) |  | (6,830 | )
Net increase (decrease) in cash and cash equivalents | (1,932 | ) |  | — |  |  | 15,293 |  |  | 13,361 |
Cash and cash equivalents, beginning of period | 2,843 |  |  | 4 |  |  | 63,952 |  |  | 66,799 |
Cash and cash equivalents, end of period | $ | 911 |  |  | $ | 4 |  |  | $ | 79,245 |  |  | $ | 80,160 |
(Amounts in thousands) | Condensed Consolidating Statements of Cash Flows For the Six Months Ended June 30, 2019
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated
Net cash (used for) provided by operating activities | $ | (16,658 | ) |  | $ | 4,213 |  |  | $ | 2,444 |  |  | $ | (10,001 | )
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | (21 | ) |  | (4,396 | ) |  | (12,308 | ) |  | (16,725 | )
Payment related to redeemable noncontrolling interest agreement | (41,000 | ) |  | — |  |  | — |  |  | (41,000 | )
Other, net | — |  |  | 182 |  |  | 1,053 |  |  | 1,235 |
Net cash used for investing activities | (41,021 | ) |  | (4,214 | ) |  | (11,255 | ) |  | (56,490 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings | 50,000 |  |  | — |  |  | 42,723 |  |  | 92,723 |
Payment on debt | (9,000 | ) |  | — |  |  | (33,083 | ) |  | (42,083 | )
Dividends paid | (599 | ) |  | — |  |  | — |  |  | (599 | )
Net cash provided by financing activities | 40,401 |  |  | — |  |  | 9,640 |  |  | 50,041 |
Effect of exchange rate change on cash | — |  |  | — |  |  | 1,131 |  |  | 1,131 |
Net increase (decrease) in cash and cash equivalents | (17,278 | ) |  | (1 | ) |  | 1,960 |  |  | (15,319 | )
Cash and cash equivalents, beginning of period | 23,630 |  |  | 4 |  |  | 58,051 |  |  | 81,685 |
Cash and cash equivalents, end of period | $ | 6,352 |  |  | $ | 3 |  |  | $ | 60,011 |  |  | $ | 66,366 |

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